What does Cloudtail India do?

Cloudtail India Private Limited is an online retailer which sells variety of goods to customers in India. Cloudtail offers over 30 lakh products across multiple categories like Books, Media, Apparel, Shoes, Furniture, Appliances, Consumables, etc.

Is Cloudtail India owned by Amazon?

Cloudtail India is a wholly-owned subsidiary of Prione Business Services. Prione is a joint venture between Catamaran and Amazon. As a result, Amazon had to reduce its stake from 49\% to 24\% in Cloudtail and Appario, the two top sellers on its marketplace.

Is Cloudtail an Amazon company?

Narayana Murthy’s Catamaran, the parent firm of Cloudtail, and Amazon launched the joint venture in the country in 2014. The joint venture restructured its ownership in 2019 following India’s regulatory changes — more on this shortly. Cloudtail is one of the largest sellers on Amazon in India.

Is Cloudtail India a good company?

Cloudtail is the fastest growing retail company in India. Every role I have been a part of in here has given me opportunity to learn and grow as an entreprenuer. Every role of mine has had a good mix of Total Ownership of the business, need to be a great hustler and driven by absolute Customer obsession.

What happened to Cloudtail India?

The company will shut operations in May next year as parents N.R. Narayana Murthy’s Catamaran Ventures and Amazon India decided to end their seven-year-old partnership amid rising government scrutiny into operations of US e-commerce firms for alleged violations of foreign investment rules.

What will happen to Cloudtail?

Cloudtail India, one of the largest sellers on Amazon in India, will cease operations next May. Indian rules currently prohibit a foreign entity running an online marketplace and its group companies from owning equity in any of the sellers on the platform or having control over their inventory.

Who is the owner of Cloudtail?

Prione Business Services Private Limited
Cloudtail India Private Limited/Parent organizations

How is Cloudtail as a company?

Cloudtail is committed to providing a platform to local vendors and manufacturers and has over 700 registered MSMEs to help grow small scale industries in the e-commerce channel. Cloudtail is a wholly-owned subsidiary of Prione Business Services, which is a joint venture between Catamaran and Amazon.

Does Cloudtail sell fake cosmetics?

Yes, Cloudtail India seller on Amazon sells original and genuine products.

Is Cloudtail still alive?

Cloudtail later retired to the elders’ den alongside Brackenfur and Brightheart.

Why Cloudtail is shutting down?

Will Cloudtail shut down?

Breaking news: One of Amazon India’s largest sellers, Cloudtail India, will be halting operations from next May. The company’s joint-venture partners Amazon and N.R. Narayana Murthy-owned Catamaran Ventures have decided not to renew the seven-year-old partnership.

What is Cloudtail India Private Limited?

About Cloudtail Cloudtail India Private Limited is an online retailer which sells variety of goods to customers in India. Cloudtail offers over 30 lakh products across multiple categories like Books, Media, Apparel, Shoes, Furniture, Appliances, Consumables, etc. and has buying relationships with brands across the world.

What is icloudtail India?

Cloudtail India is an Amazon-affiliated company that reported a revenue growth of 25 per cent to Rs 8,945 crore in the previous financial year. It is owned by Prione Business Services, a joint venture between Amazon India and Infosys founder NR Narayana Murthy’s Catamaran Ventures.

What happened to Cloudtail?

Cloudtail is one of the largest sellers on Amazon in India. Indian newspaper Economic Times reported that Cloudtail will cease operations next year. The e-commerce group has stakes in a few more third-party sellers, including Appario Retail, which is its joint venture with Patni Group.

How many products does Cloudtail offer on Amazon?

Cloudtail offers around 30 lakh products across categories like Books, Shoes, Furniture, Appliances, Consumables, etc. In the case of Cloudtail India, it becomes much easier as I believe Cloudtail India Private Limited is one of the most trusted sellers on Amazon with the best reviews and ratings.